Transcript korres competitive advantage
“Bringing Science to the Art of Healthy Living with KORRES”
“The integration of KORRES opens up a world of opportunities for J&J to expand it’s distribution into alternative channels. KORRES gets terrific opportunities to expand thanks to J&J in terms of understanding efficiency, cost improvement, and manufacturing. The key is for neither to lose itself, that the authenticity and limited nature of the KORRES distribution stays true to its roots while J&J stays true to its principles. It’s a wonderful marriage, but it must be a marriage where each party stays true to itself and brings forth things to benefit the other.” – Anne Marie Newton, Marketing Consultant to KORRES and former
Johnson & Johnson
employee
EXECUTIVE OVERVIEW
I. The Story Behind the Brand II. What is KORRES today?
III. KORRES Shopper Profile IV. Introduction to KORRES sub-brands V. KORRES Sales Expectations VII. Bringing Science to the Art of Healthy Living with KORRES
EVERY BRAND HAS IT’S STORY…
• Creator of KORRES, George Korres • Birth of a brand • Introduction of Lena Korres
WHAT IS KORRES TODAY?
Naturally or certified organic products - 400 Market presence - 30 Worldwide stores - 30 Pharmacies in Greece - 5,500
WHAT IS KORRES TODAY?
OUR VALUES
1. Naturally derived, top quality ingredients 2. Clinically tested effectiveness with no inflated promises 3. Pleasing to the senses 4. Reasonably priced to enable everyday use
WHAT IS KORRES TODAY?
THE FOUR PILLARS OF KORRES
Herbs Partnerships, University of Athens Extractions Research
KORRES TARGET AUDIENCE
Females 25-49 Salary 75K+ Desires natural products Beauty involved College educated and inquisitive QVC, Sephora shopper
KORRES SHOPPER PROFILE
40% Undergraduate degree 30% Masters degree 96% Female (n= 1491) 33% $25-75 K Salary 35% want to learn about KORRES 42% purchasing a product 53% 25-39 years old
Quercetin & Oak Anti-aging and Antiwrinkle Skin care
The Need:
More than half of women are anti-aging seekers: Women Facial Skincare Users- 53% Anti-aging seekers mentioned using anti-aging facial moisturizers and anti-aging serums- 79%
KORRES COMPETITIVE ADVANTAGE
: The KORRES Research & Development Lab with the National Hellenic Research Foundation have replaced retinol with the ingredient Quercetin to provide anti-aging benefits .
2011 Expected sales
: Quercetin & Oak Night Cream - #1 Skin $1.38 million Quercetin & Oak Face Primer - #1 Color $1.39 million
KORRES Body Butter Collections Benefits:
Rich, long lasting moisture Blend of shea butter, almond, and alvocado oils Scent selection: Basil Lemon, Guava, Fig, Japanese Rose, Jasmine, Vanilla Guava, and Yoghurt
KORRES COMPETITIVE ADVANTAGE:
With 93.8% natural content, these lotions have broad application ability and a unique variety of fragrances.
KORRES Showergel Collection Benefits:
Nourish and smooth skin Fragrance variety Scent selection: Basil Lemon, Fig, Guava, Japanese Rose, Jasmine, and Vanilla Guava
KORRES COMPETITIVE ADVANTAGE:
“The scents of KORRES shower gels are derived from 40 fragrance houses from around the world. Meanwhile, Johnson & Johnson uses four.” – Vice President of KORRES Intregration Ajay Dhaul
KORRES COLOUR: Love Your Lips Benefits: Lip Butter Glaze
Vibrant color Moisturizing glaze
Cherry Oil Lip Gloss
High shine, shimmery Rich in vitamin C and E
Lip Butters
Shiny, tinted finish Shea butter and rice wax
KORRES COMPETITIVE ADVANTAGE:
Wide range of selection and an affordable pricing structure for consumers of all ages.
KORRES SKINCARE: THE WILD ROSE COLLECTION Benefits:
Brightening factor Usage of vitamin C Offers Liquid and Mineral foundation, Concealer, Compact powder, 24-hour Moisturiser, and Brightening and Line Smoothing Serum
KORRES COMPETITIVE ADVANTAGE
: Usage of all natural vitamin C to help visibly reduce fine lines and skin discolorations.
Expected Sales 2010-2011
Skin Color 2011 Total Forecast
$14,000,000 $ 8,100,000
2011 J&J Forecast
$8,500,000 $4,700,000
New Products
$3,000,000 $2,400,000
Total
$25,100,000 $15,600,000
DRTV
$ 8,100,000 As of May 31, 2011 Johnson & Johnson will officially welcome KORRES into the Consumer Beauty Sector
Marketing/Support Plan
E-Commerce Site
Increase features and functionality Establish account log-ins Develop a Face book “Like” application
Marketing/Support Plan
Television Usage & Word of Mouth
Skincare focused DRTV Home Shopping Network Infomercial You Tube Blogger Network Increases investment with Sephora
Marketing/Support Plan
Television Usage & Word of Mouth
Skincare focused DRTV Home Shopping Network Infomercial You Tube Blogger Network Increases investment with Sephora
Benefits of Partnership
New market penetration Broader marketing outlets Supply Chain: Increased vendors International market presence: Increased
“Bringing Science to the Art of Healthy Living with KORRES”
SPECIAL THANKS
SCOTT CREIGHTON ALLISON NEARY MARY JANE HIGGINS CHAD MIZEE AJAY DEHAUL ANNE MARIE NEWTON MEETA AGGARWAL STACEY SIANA THE KORRES TEAM